Drawing Line Charts in MT4

This is the fifth option on the trading charts menu within the MT4 platform. The line silver chart button shown below.

The line charts are not popular and are not used by many traders as these do not show a lot of information that is useful for analysis. This option will only draw a price line that connects the closing prices leaving out all other data.

When compared to candlesticks that will show the Opening, the Closing, the Low and the High of price, then the line silver chart leaves out a lot of information in its graphical representation of market movement.

Most of this data is useful and used by most traders when using technical analysis technique therefore the candlesticks are preferred because they provide more data for analysis.

For this reason this charting method is not popular among technical traders & therefore not widely used.